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63

28

29

LiGuoHui

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LiGuoHui

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LiGuoHui

-3-

04 .
07 .
07.
08.
09.

13 .
13.
15.
21.

24 .
24.
26.
28.

32.
32.
37.

40.
40.
43.

47 .
47.
49.

52 .
52.
54.

57 .
57.
60.

62 .

LiGuoHui

-4-

LiGuoHui

-5-

36 1 36
1 35
36
36 1 36

12
35
36

12 35
12 12
35 12

LiGuoHui

-6-

--- -

LiGuoHui

-7-

100 100

100

10

LiGuoHui

-8-

99%

100 500

75% 1000 25%

700
750 80%

75% 1000 25% 700

75% 25% 50

100%

75% 25%
5000 500

25%


50%

.
LiGuoHui

-9-

1

100

LiGuoHui

- 10 -

50%

5 500 5
10 20 40

LiGuoHui

- 11 -

LiGuoHui

- 12 -

fundamental analysis
technical analysis

1
2
3

5



6

7

8

LiGuoHui

- 13 -

1 1
2 4 2

3 10
15 4

5 500

/

100 50 1

25%
1 2 100%
5 1 100%

1 2
100% 5 6 20%

25%
40% 50%2

1963
1978 1980
1967 1971
3

LiGuoHui

- 14 -

50%

1
A

B

C

LiGuoHui

- 15 -

10

15
LiGuoHui

- 16 -

10 15

10

10-15
10
15
10
15

10-15

15

3 A B

LiGuoHui

- 17 -

LiGuoHui

- 18 -

5




MACD%

6
A

B A A
C A

LiGuoHui

- 19 -

LiGuoHui

- 20 -

1996 IBM

LiGuoHui

- 21 -

1% 2%

LiGuoHui

- 22 -

1/4 3/4
1/4

6

LiGuoHui

- 23 -

50% 60%
70%

1000 1000
200
400 1000

LiGuoHui

- 24 -

20% 10%

50%

100%

100%
100%

10000 1/10 1000

10% 10% 200% 10000 12900
30% 200%
5 15
;


5 15

60% 10% 80%
10% 30% 50%

LiGuoHui

- 25 -

70
80

10000 50%
5000 10000 100%5000 10000
100% 50%

50%
1 1
1000

9 5 1
1
9 5

500 500 475

10.95 1/1000 1/2
1000

1%-2% 100 98 99

2000
5
LiGuoHui

- 26 -

2000

50% 60%
70%

6-8
60% 80%
60% 80%

20 50

20 20
2122 27 27
27->26->24 20 27
20->27 27->24
20->27->24 24
27 24->25->27->35 35

35
45 50

50 55 62
62 58
64 61

61
LiGuoHui

- 27 -

50%

60%-70%

50% 60% 70%

3000
80%
LiGuoHui

- 28 -

2000
20000

5 5

LiGuoHui

- 29 -

LiGuoHui

- 30 -

2%

LiGuoHui

- 31 -

Cut loss short, let profit run!

--

10%
10 9 20%
20%

50%

100 100

1
AB A
A=15 B=13 15.10 15.50
16.5 15.50
A=15 14
LiGuoHui

- 32 -

B=13 13 B

A B

A 15 15
14.50 14

LiGuoHui

- 33 -

A
B

AB A
B B
1000 A 200-300
LiGuoHui

- 34 -

B
1000 B

LiGuoHui

- 35 -

100% 20%

AB
20 B
A
B 20


A
A B

C D C D
D

LiGuoHui

- 36 -

50%




70%
20%-40%

AB
C
LiGuoHui

- 37 -

A D

A D

10 12 10 11
3 10% 20%
5 10% 0.5 50 10% 5 5
0.75 4.25 50 3
47 10.75
11 10 10

4
20
40
LiGuoHui

- 38 -

A->B->C->D->E

10000 2000
Cut loss short, let profit run!

LiGuoHui

- 39 -

--

--

13

110

LiGuoHui

- 40 -

50%
50%

100

70%

1997 45 45 35
2000 25
10 45

10 1000 12 2000
10 10.5 11 9
10 12 9
LiGuoHui

- 41 -

11 9

12 11.9

15 10.5 11 10%
10%

1994 11 2 xirc
2 17.25
23.50 21.50 16.25

21.50 23.50 21.50
11 2 16.25
8000 2000



10 1000 10000
15 15000 5000
5000

ihni, 15 5
5000 1000 0.25 5000 250

40 20
40 20
40 20

40 20
40 10 10 20

LiGuoHui

- 42 -

10%10
15 13.50 13.50
10 15 15

10%

1
2
3
4
5
6
LiGuoHui

- 43 -

1969

theory of reflexivity

1
2 3
4
5
6
7 8
9 10

1923

LiGuoHui

- 44 -

LiGuoHui

- 45 -

2
3

4
50%


50%
5

9
10

11

12

13

14

15

LiGuoHui

- 46 -

--

20%

25%
10%

--

LiGuoHui

- 47 -

300 10 15 1000
20 3000
1 1500 1800
20

300

LiGuoHui

- 48 -

99%

--
--

LiGuoHui

- 49 -

LiGuoHui

- 50 -

30

10 10
10 10
6

LiGuoHui

- 51 -

90

18
1711

1719

1720 9 1000

2000
2000






180
LiGuoHui

- 52 -

9 1000 129

1923 1926
800
1924 15 1896 25 1925
12.5
200

1925 75000 25000 2000

1926

10%
10% 100%

10%

80
30 5000
7500

80
80 1976 1977

1980
LiGuoHui

- 53 -

90 --

5 ?
1980
10%20% 50%

1981 100%
50 1000

2600
--
40
800%

550
140
34 1982
1982 1980
1/41982 8 20

98% 1/69
900

1998 2

4000
4000
4000

LiGuoHui

- 54 -

1
2

4
5

90
90 1 80
100 1992 5 10500

1
2

4
5000 50000
5

2050

LiGuoHui

- 55 -

500%
1 8


8 15

30

80

1000 200

400
400 300
300 320

150


10

30

5 ->10 ->20 400 300

20
300

LiGuoHui

- 56 -

10

10 500 11 500

10 9

80

1 1 10 20
30 27 35
31.50 27
31.50 3 1.5

30 28 26 25 10
10 27
35
32 31.50 1.5

LiGuoHui

- 57 -

MACD

10 20%

53000
4000

100

LiGuoHui

- 58 -

50%

50%
50%

50% 60%
70% 70%

LiGuoHui

- 59 -

1998 2

IBM

11%

98% 3% 10

1981
LiGuoHui

- 60 -

LiGuoHui

- 61 -

19 Rothschilds

Midas

LiGuoHui

- 62 -

: 7108013347 - EBC10518

2000 7
:
32 154 110000
: 9
word 2003 9 11

LiGuoHui

- 63 -